http://www.marketwatch.com/story/us-jobless-claims-climb-46000-to-388000-2012-10-18?dist=beforebell
This week's jobless claims number shows that LAST week's 'great' number really was nothing of the sort. Even after Labor officials came out and said there was one 'large' state who's numbers were 'incomplete', people were still touting the large drop in new claims as some major sign that the employment situation was getting better quickly.
Sorry, but I (and many others) called BS last week, and we were right. As it stands, we're higher now in jobless claims then was PREDICTED (368,000) for last week. In other words, we're going in the WRONG direction.
The Job Market Report LLC
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